Performance Choice® 12 Plus Product Details
Performance Choice® 12 Plus Product Details
Fixed Index Annuity
Available issue ages 0-75 (Qualified and Non-Qualified)
State Variation: In California 0-65, In South Carolina 0-48
ISSUE AGES
For issue ages 0-17, a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA)
custodial account must be established.
7% on all premium payments received during first 5 contract years
PREMIUM BONUS
Products that have premium bonuses may offer lower credited interest rates, lower Index Cap Rates
and/or greater Index Margins than products that don’t offer a premium bonus. Over time and
under certain scenarios the amount of the premium bonus may be offset by lower credited interest rates,
lower Index Cap Rates and/or greater Index Margins.
A premium bonus will be credited on premium received during the first five contract years. During the
surrender charge period, withdrawals in excess of the penalty-free allowance or a full surrender will incur a
premium bonus recapture.
PREMIUM BONUS
RECAPTURE
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
100%
95%
90%
85%
80%
70%
60%
50%
40%
Year 10 Year 11 Year 12
30%
20%
10%
The premium bonus is not recaptured in the event of death of the Annuitant. No premium bonus recapture will occur on any
penalty-free withdrawal amount, Required Minimum Distributions (by current Company practice) or under the Nursing Home
Confinement Waiver.
ANNUITY PAYOUT
OPTIONS
MINIMUM
PREMIUM
SURRENDER
CHARGE
SCHEDULE
RIDERS
By current Company practice, you may receive
an income from the Accumulation Value after the
first contract year (without surrender charges or
Interest Adjustment) if you choose a Life Income
Option. You can also receive an income based on
the Accumulation Value if your annuity has been
inforce for at least five years and you elect to
receive payments over at least a ten-year period.*
With the exception of Life Income options, income
options are available for:
•A minimum of 5 years, or
•A maximum of 20 years.
The following options are available:
•Income for a Specified Period
•Income for a Specified Amount
•Life Income with a Period Certain
•Life Income
•Joint and Survivor Life Income
All options are available after the surrender charge
period.
Flexible Premium
$10,000 non-qualified, $2,000 qualified ($50/month TSA Salary Reduction)
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
10%
10%
10%
10%
10%
9%
8%
7%
6%
Year 10 Year 11 Year 12
5%
4%
2%
Nursing Home Confinement Waiver: After the first contract anniversary, should the annuitant become
confined to a qualified nursing home facility for at least 90 consecutive days, we will increase the
penalty-free withdrawal by 10% of the Accumulation Value each year while the annuitant is confined.
This waiver is only available for issue ages 75 and younger and is automatically included with your
annuity at no additional charge.
If joint annuitants are named on the annuity, waiver will apply to the first annuitant who qualifies for the benefit.
Other riders may apply, ask for details.
*The feature offered “by current Company practice” is not a contractual guarantee of this annuity contract. Not FDIC/NCUA Insured
May Lose Value
Not A Deposit Of A Bank
Not Bank Guaranteed
Not Insured By Any Federal Government Agency
This Product Details sheet must be presented along with the brochure at point of sale.
For further details not included in this sheet, please refer to the brochure.
19876Z-12 Plus | PRT 3-15
(Continued)
www.NorthAmericanCompany.com
4350 Westown Parkway, West Des Moines, IA 50266
Performance Choice® 12 Plus Product Details
Interest Adjustment (also known as Market Value Adjustment): Includes an Interest Adjustment which
may decrease or increase Surrender Value depending on the change in interest rates since purchase.
See brochure for further details.
Penalty-Free Withdrawals: 10% of current Accumulation Value available once each contract year after
the first contract anniversary. See brochure for further details.
OTHER
RMDs: Surrender charges and Interest Adjustments on any portion of an IRS-Required Minimum
Distributions exceeding the 10% penalty-free withdrawal amount will be waived by current Company
practice.*
Transfers: After the first contract year and on an annual basis, you may elect to transfer between
crediting methods and Index Account options, including the fixed account. By current Company
practice, you will have 30 days following each contract anniversary to reallocate.*
*The feature offered “by current Company practice” is not a contractual guarantee of this annuity contract.
DIVERSIFY YOUR PREMIUM AMONG THE FOLLOWING INDEX ACCOUNT OPTIONS
INVERSE PERFORMANCE
TRIGGER
MONTHLY POINT-TO-POINT
ANNUAL POINT-TO-POINT
ANNUAL POINT-TO-POINT*
(Subject to an Index Cap Rate)
(Subject to an Index Cap Rate)
(Subject to an Index Margin)
HOW IS INTEREST CREDIT
CALCULATED?
Sum of monthly performance
Annual change in index values
Annual change in index values
Annual change in index values
WHEN IS INTEREST CREDIT
CALCULATED/CREDITED?
Annually
Annually
Annually
Annually
Monthly
Annually
Annually
For Index Cap Rate
For Index Cap Rate
For Index Margin
For Declared
Performance Rate
Annually
Annually
Annually
Annually
WHEN IS THE INDEX
CAP RATE, INDEX
Margin, or DECLARED
Performance RATE
APPLIED?
WHEN CAN THE INDEX
CAP RATE, INDEX
Margin, or DECLARED
Performance RATE
CHANGE?
INDEX AVAILABILITY*
NOTE: Past Index performance
is not intended to predict future
performance and the Index does
not include dividends.
• S&P 500®
• Nasdaq-100®
• S&P 500®
• EURO STOXX 50®
• (DJIA®) Dow Jones
Industrial AverageTM
• S&P MidCap 400®
• Russell 2000® Index
• Nasdaq-100®
• Hang Seng Index
• S &P 500® Low Volatility
Daily Risk Control 5%*
(Declared Performance Rate)
Annually
• S&P 500®
*Index(es) and strategies may not be available in all states.
This Product Details sheet must be presented along with the brochure at point of sale.
For further details not included in this sheet, please refer to the brochure.
19876Z-12 Plus | PRT 3-15
www.NorthAmericanCompany.com
4350 Westown Parkway, West Des Moines, IA 50266
Performance Choice® 12 Plus Product Details
The Performance Choice® 12 Plus is issued on form LC/LS160A (certificate/contract), LR431A, LR424A-1, AE520A, LR427A, LR428A, AE509A, AE510A, AE511A, AE556A, and LR433A (riders/
endorsements) or appropriate state variation by North American Company for Life and Health Insurance®, West Des Moines, IA. This product, its features and riders may not be available in
all states.
Fixed Index Annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for
interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. They may not be appropriate for all
clients.
The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The
Index Accounts in this Product based on the Index are in no way sponsored, endorsed, sold, or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with
respect thereto.
The “S&P 500®”, “S&P 500® Low Volatility Daily Risk Control 5% Index”, “S&P MidCap 400®”, and “DJIA®” Indices (“Indices”) are products of S&P Dow Jones Indices LLC or its affiliates
(“SPDJI”) and have been licensed for use by North American Company for Life and Health Insurance® (“the Company”). Standard & Poor’s® and S&P® are registered trademarks of Standard
& Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and
have been sublicensed for use for certain purposes by the Company. Performance Choice 12 Plus (“Product”) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of
their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Performance
Choice 12 Plus or any member of the public regarding the advisability of investing in securities generally or in this Product particularly or the ability of these Indices to track general market
performance. S&P Dow Jones Indices only relationship to North American with respect to these Indices is the licensing of the Index and certain trademarks, service marks and/or trade names
of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to North American or the Product. S&P Dow
Jones Indices has no obligation to take the needs of the Company or the owners of this Product into consideration in determining, composing or calculating these Indices. S&P Dow Jones
Indices is not responsible for and have not participated in the determination of the prices, and amount of Performance Choice 12 Plus or the timing of the issuance or sale of this Product or
in the determination or calculation of the equation by which the Product is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation
or liability in connection with the administration, marketing or trading of the Product. There is no assurance that investment products based on these Indices will accurately track index
performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones
Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THESE INDICES OR ANY DATA RELATED THERETO OR ANY
COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES
SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND
EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY NORTH AMERICAN, OWNERS OF
THE Performance Choice 12 Plus, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE
FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT
LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT
LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR AGREEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE
LICENSORS OF S&P DOW JONES INDICES.
The Nasdaq-100®, Nasdaq-100® Index and Nasdaq® are trademarks of the Nasdaq Stock Market Inc. (which with its affiliates are the “Corporations”) and are licensed for use by North
American. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Performance Choice 12 Plus is not issued, endorsed, sold or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE Performance Choice 12 Plus.
Russell 2000® Index is a trademark of Russell Investments and has been licensed for use by North American. The Performance Choice 12 Plus is not sponsored, endorsed, sold or promoted
by Russell Investments and Russell Investments makes no representation regarding the advisability of purchasing the Product.
The Hang Seng (the “Index(es)”) is/are published and compiled by Hang Seng Indexes Company Limited pursuant to a license from Hang Seng Data Services Limited. The mark(s) and
name(s) Hang Seng are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and
reference to, the Index(es) by North American in connection with Performance Choice 12 Plus (the “Product”), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA
SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF ANY OF
THE INDEX(ES) AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR
DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY
PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO ANY OF THE INDEX(ES) IS GIVEN OR MAY BE IMPLIED. The process and basis of
computation and compilation of any of the Index(es) and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes
Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG
SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO ANY OF THE INDEX(ES) BY NORTH AMERICAN IN CONNECTION WITH THE PRODUCT; OR (II) FOR ANY
INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF ANY OF THE INDEX(ES); OR (III) FOR ANY INACCURACIES, OMISSIONS,
MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF ANY OF THE INDEX(ES) WHICH IS SUPPLIED BY ANY OTHER PERSON; OR
(iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE
PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG
SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person
dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services
Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes
Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.
This Product Details sheet must be presented along with the brochure at point of sale.
For further details not included in this sheet, please refer to the brochure.
19876Z-12 Plus | PRT 3-15
www.NorthAmericanCompany.com
4350 Westown Parkway, West Des Moines, IA 50266